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ERP – Finance, Accounts Receivable

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  • Accounts can either retain all transactions or bring forward only the balance at each period end.
  • Store multiple telephone, email, fax numbers and web address.
  • For customers with multiple sites, store separate details for each site.
  • Store memorandum information about each customer and optionally print the information on statements.
  • Group each customer to a sales territory, industrial class, regions etc.
  • Store default sales order processing information including carrier information, delivery method, price lists & discount codes.
  • Assign different payment terms to individual customers, based on the number of days from either the invoice date or the end of the current calendar month.
  • Mark each disputed invoice with a code denoting the reason for the dispute.
  • Offer settlement discount to encourage prompt payment.
  • Apportion revenue from a single invoice line to one or more General Ledger accounts.
  • Cross-refer invoices to their related cash items (and vice versa).
  • Store a memorandum for each invoice or credit note.
  • Store a memorandum for each cash transaction.
  • Record cash receipts and refunds for future periods as well as for the current period.
  • Make receipts to accounts in any currency.
  • Record credit card details or cheque number for each receipt.
  • Receive instant warnings of any credit problem as you enter an invoice.
  • Enter and allocate payments.
  • Allocate each cash item to multiple invoices, a single invoice or part of an invoice.
  • Record credit card details or cheque number for each receipt.
  • Send regular statements to customers using your own customised format.
  • Send reminder letters.
  • Charge interest on overdue debts and print the amount of interest on reminder letters.
  • Process refunds.
  • Print cheques when refunding payments to customers.
  • Process direct debits.
  • Process commercial papers.
  • Manage customer payments by documents such as letters of credit.
  • Handle write offs.
  • Set up user-defined write-off types with associated General Ledger posting code to speed processing and assist reporting.
  • Period end routines ensure that the full suite of audit trails is printed before closing the period.
  • Obtain up-to-the-minute information about each customer’s credit position.
  • Obtain a comprehensive analysis of aged debtors, showing either customers’ balances only or details of all transactions.
  • Analyse expected payments from customers who pay by commercial papers.
  • Send promotional letters to all or selected customers based on criteria held on the customer file.
  • Multi-company accounting.
  • Allow only authorised users to view, delete or change customer records.
  • Archive transactions that you no longer require in daily use and make interactive enquiries into the archived transactions.

Zeta ERP Finance with budget tracking increase profitability and make finance function more efficient. You can run also run on-the-fly financial analysis at any level of granularity and support ad hoc simulations of organizational changes or new business models directly within your ERP system.

You can close the books in real time, improve compliance and control, and reduce
closing effort,

You can improve working capital and financial health with real-time data to assess customer credit risk, streamline billing, resolve disputes, and prioritize customer
collections to reduce day’s sales outstanding.

KEY CAPABILITIES

  • General Ledger
  • Accounts Receivable
  • Accounts Payable
  • Bank Management
  • Cash Management
  • Financial Budgeting
  • Cash Flow
  • Advanced Financial Reports
  • PDC & Bounced Cheque

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